Potential offtaker

Melia Hotels International SA

www.meliahotelsinternational.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

Melia Hotels International SA is a Spanish multinational hotel chain that operates in the Hotel & Motel (excl Casino Hotel) sector. The company was founded in 1956 by Gabriel Escarrer Juliá and has its headquarters in Palma de Mallorca, Spain. Melia Hotels International SA is one of the largest hotel chains in the world, with over 390 hotels in 40 countries across four continents.

Melia Hotels International SA is committed to sustainability and decarbonisation. The company has set ambitious targets to reduce its carbon footprint and become a leader in the hospitality industry's transition to renewable energy. Melia Hotels International SA is committed to reducing its carbon emissions by 50% by 2030 and achieving net-zero carbon emissions by 2050.

One of the key ways Melia Hotels International SA is working towards decarbonisation is through its corporate energy strategy. The company is investing in renewable energy sources such as solar and wind power to reduce its reliance on fossil fuels. Melia Hotels International SA has installed solar panels on the roofs of many of its hotels, which generate clean energy and reduce the company's carbon footprint.

In addition to investing in renewable energy, Melia Hotels International SA is also exploring corporate power purchase agreements (PPAs) to further decarbonise its operations. A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees the company a fixed price for renewable energy over a set period. By entering into a corporate PPA, Melia Hotels International SA can secure a reliable and cost-effective source of renewable energy, which will help the company achieve its decarbonisation goals.

Melia Hotels International SA has already signed a corporate PPA with a Spanish renewable energy provider to supply renewable energy to its hotels in Spain. The agreement will see the company purchase 29 GWh of renewable energy per year, which is equivalent to the energy consumption of 8,000 households. This will help Melia Hotels International SA reduce its carbon emissions by 16,000 tonnes per year, which is equivalent to taking 3,500 cars off the road.

Melia Hotels International SA is also committed to reducing its energy consumption through energy efficiency measures. The company has implemented a range of initiatives to reduce energy use in its hotels, including the installation of energy-efficient lighting and HVAC systems, the use of smart building technologies, and the implementation of energy management systems. These measures have helped Melia Hotels International SA reduce its energy consumption by 20% since 2015.

In addition to its corporate energy strategy, Melia Hotels International SA is also committed to sustainability in other areas of its operations. The company has implemented a range of initiatives to reduce waste, conserve water, and promote sustainable tourism. Melia Hotels International SA has also launched a program to promote sustainable food and beverage practices in its hotels, which includes sourcing local and organic produce, reducing food waste, and promoting healthy and sustainable eating habits.

Melia Hotels International SA's commitment to sustainability has been recognised by a range of industry bodies and sustainability organisations. The company has been awarded numerous sustainability certifications, including the ISO 14001 environmental management standard and the Green Key certification for sustainable tourism. Melia Hotels International SA has also been included in the Dow Jones Sustainability Index, which recognises companies that demonstrate leadership in sustainability.

In conclusion, Melia Hotels International SA is a leading hotel chain that is committed to sustainability and decarbonisation. The company is investing in renewable energy sources, exploring corporate PPAs, and implementing energy efficiency measures to reduce its carbon footprint. Melia Hotels International SA's commitment to sustainability extends to other areas of its operations, including waste reduction, water conservation, and sustainable food and beverage practices. The company's commitment to sustainability has been recognised by a range of industry bodies and sustainability organisations, and it is well-positioned to lead the hospitality industry's transition to a more sustainable future.